Flowers Foods Inc. (FLO) Receives Average Recommendation of “Hold” from Analysts
Flowers Foods Inc. (NYSE:FLO) has earned an average recommendation of “Hold” from the eleven ratings firms that are covering the stock. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $16.86.
A number of brokerages have recently commented on FLO. Pivotal Research reiterated a “sell” rating and set a $4.00 price target on shares of Flowers Foods in a report on Wednesday, October 26th. Zacks Investment Research lowered Flowers Foods from a “hold” rating to a “sell” rating in a research note on Monday, July 25th. TheStreet lowered Flowers Foods from a “buy” rating to a “hold” rating in a research note on Monday, August 22nd. DA Davidson assumed coverage on Flowers Foods in a research note on Wednesday, October 5th. They issued a “neutral” rating and a $16.00 target price for the company. Finally, Deutsche Bank AG restated a “hold” rating on shares of Flowers Foods in a research note on Friday, November 4th.
In other Flowers Foods news, insider George E. Deese sold 462,500 shares of the company’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $15.14, for a total value of $7,002,250.00. Following the sale, the insider now directly owns 3,288,625 shares in the company, valued at $49,789,782.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Amos R. Mcmullian purchased 30,000 shares of the stock in a transaction on Thursday, August 25th. The stock was bought at an average price of $14.99 per share, for a total transaction of $449,700.00. Following the completion of the transaction, the chairman now directly owns 3,650,940 shares of the company’s stock, valued at $54,727,590.60. The disclosure for this purchase can be found here. 16.87% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its stake in shares of Flowers Foods by 33.9% in the second quarter. Tower Research Capital LLC TRC now owns 5,742 shares of the company’s stock worth $108,000 after buying an additional 1,455 shares during the period. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Flowers Foods during the second quarter worth $122,000. Creative Planning boosted its stake in shares of Flowers Foods by 3.7% in the third quarter. Creative Planning now owns 8,772 shares of the company’s stock worth $133,000 after buying an additional 313 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Flowers Foods by 18.9% in the second quarter. Advisors Asset Management Inc. now owns 7,524 shares of the company’s stock worth $141,000 after buying an additional 1,194 shares during the period. Finally, World Asset Management Inc bought a new stake in shares of Flowers Foods during the third quarter worth $178,000. Hedge funds and other institutional investors own 67.87% of the company’s stock.
Shares of Flowers Foods (NYSE:FLO) traded up 0.031% during midday trading on Monday, hitting $16.115. 634,576 shares of the company were exchanged. Flowers Foods has a one year low of $14.35 and a one year high of $24.18. The firm has a market cap of $3.35 billion, a P/E ratio of 18.544 and a beta of 0.83. The company’s 50 day moving average price is $15.37 and its 200 day moving average price is $16.89.
Flowers Foods (NYSE:FLO) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by $0.00. Flowers Foods had a return on equity of 16.16% and a net margin of 4.67%. The business had revenue of $918.80 million for the quarter, compared to analyst estimates of $923.81 million. During the same quarter last year, the firm earned $0.23 earnings per share. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities analysts expect that Flowers Foods will post $0.91 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, December 2nd will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend is Wednesday, November 30th. Flowers Foods’s dividend payout ratio (DPR) is 74.42%.
Flowers Foods Company Profile
Flowers Foods, Inc is a producer and marketer of bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment’s production plant locations include Birmingham, Alabama; Opelika, Alabama; Tuscaloosa, Alabama; Goldsboro, North Carolina; Jamestown, North Carolina, and Oxford, Pennsylvania.
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